Monetary policy, uncertainty and the presumption of linearity / by Douglas Laxton, David Rose and Robert Tetlow. : FB3-1/63E-PDF

This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks.--Abstract

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Publication information
Department/Agency Bank of Canada.
Title Monetary policy, uncertainty and the presumption of linearity / by Douglas Laxton, David Rose and Robert Tetlow.
Series title Technical report[63]
Publication type Series - View Master Record
Language [English]
Format Electronic
Electronic document
Other formats Paper-[English]
Note(s) "This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks."--Abstract.
The ISBN (0-662-20859-5) and ISSN (0713-7931) for the print version have been incorrectly copied in this electronic publication.
Publishing information Ottawa - Ontario : Bank of Canada August 1993.
Description 50p.graphs, references, tables
Catalogue number
  • FB3-1/63E-PDF
Subject terms Inflation
Financial institutions
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